News

Sudan: Efforts to overcome the economic crisis and urgent solutions to stop the devaluation of the pound

Altaghyeer 
The Sudanese Minister of Energy revealed that three cooking gas shipments had been imported. He confirmed that two of them were emptied at the warehouses of Port Sudan’s Port, which have a capacity of about 9,000 tons and indicated that the third is under unloading.
An urgent meeting of the economic sector was held in the council of ministers on Wednesday evening and was called by PM Abdullah Hamdok to keep abreast of the deteriorating living conditions in the country and the renewed crises of bread, fuel and cooking gas besides the significant decline in the value of the national currency.
The Minister of Energy and Mining Khairi Abdulrahman announced the start of gas distribution for bakeries. At a rate of 200 tons per day from warehouses in the Sudanese capital.
He explained that the distribution began On Tuesday and will continue to rise to 300 tons as gas arrives from the warehouses of the port of Port Sudan in the east of the country. He referred to solutions he said that his ministry had reached it with the Transport Association and that the transfer of gas to other states had already begun.
Fuel crisis
On the fuel crisis, the minister revealed the construction of a “huge” gasoline depot in Port Sudan, he added has a production capacity of 120,000 tons. “We were able to start deportation and transportation from inside the new warehouses through the conveyor line, which showed a clear improvement in the distribution of gasoline.”
As for gasoline, the minister attributed the return of queues in front of stations to the reluctance of some companies to distribute adequately. He said this would expose them to gradual sanctions from the ministry.
For her part, Finance Minister Heba Mohammed Ali said: “The government has finally managed to secure enough wheat flour for the country until the end of February, as well as the rest of the bread production inputs.”
Urgent solutions
She attributed the local currency decline and exchange rate fluctuations to “rumors” by the beneficiaries of the activity, such as the rumor of  “changing the currency ” Besides the speculation of some companies and the hard currency demand  increasing at the beginning of the year.
The minister promised “urgent solutions” which she said would have a positive impact, such as increasing the government’s foreign exchange reserves. She noted that $200 million had been received as a first payment for government accounts directly out of a total of $800 million.
She pointed to her meeting with the Country Director of the African Development Bank in Sudan on Wednesday and the agreement on a strategy to forgive Sudan’s arrears to the Bank, which exceeds $400 million as one of the direct consequences of removing Sudan from the list of states sponsoring terrorism.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button